leicestersq Posted September 28, 2011 Share Posted September 28, 2011 The south-east will lag behind but still fall probably by the turn of the year. S/e is down 2.3% on the year- not bad. Also where are all the trolls who say we should be buying a house with our savings. My savings have earnt 3-4% in the last year with no risk and house prices are down 3%. Seems like a nic3 improvement in affordability to me No risk? Well I guess if you have your profit now, it is no risk, but it wouldnt have been no risk this time last year. There is always a risk when deciding what to do with your money. So the slight downward trend in house prices continues. Given that there appears to be some quite large falls in some areas, mostly in the north, I guess it must mean some mild rises in the south to come to the overall figure we see. Unbelievably, we are seeing a bit of a plateau, whereas we normally get a crash after a boom such as we have seen. It hasnt happened yet. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 28, 2011 Share Posted September 28, 2011 Maybe you're just not very good at the internet. Here's a starter for 10: BBC: House prices continue to stagnate, Land Registry shows I was probably looking before that was published. I forget that it takes more time when there's nothing for them to copy & paste! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 28, 2011 Share Posted September 28, 2011 I was probably looking before that was published. I forget that it takes more time when there's nothing for them to copy & paste! They can't bring them self to say that house prices are dropping !!!! 2.6% + 5% inflation = 7.6% drop. Shame my wages aren't going up :angry: Quote Link to comment Share on other sites More sharing options...
jmzr Posted September 28, 2011 Share Posted September 28, 2011 sibley i know you read this site everyday...so i just wanted to say a very good morning to you...and to ask how you felt as a result of seeing this morning's land registry data Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted September 28, 2011 Author Share Posted September 28, 2011 Caerphilly up on the month. One interesting statistic from the data is the yoy fall in volumes in all but property under £50 and 100k which shows an increase of 24% and no change respectively . The average fall in all other prices ranges being down 13% Quote Link to comment Share on other sites More sharing options...
InlikeFlynn Posted September 28, 2011 Share Posted September 28, 2011 (edited) I'm totally over the moon, these figures are crashtastic. If you look at the full release, whilst the headline figure of -0.3% isn't very exciting, this masks huge regional variability. Everywhere outside London is on the slide. Where I am looking to buy prices apparently fell by more than 2% last month alone! I'm dancing with delight. Bear in mind that this is August (prices agreed in the bouncy springtime) and things look fabulous! Edited September 28, 2011 by InlikeFlynn Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 28, 2011 Share Posted September 28, 2011 Maybe you're just not very good at the internet. Here's a starter for 10: BBC: House prices continue to stagnate, Land Registry shows How is a 2.6% fall "stagnation"?! Slight falls each year for the next few years do seem the order of the day though, kind of like 1992-1997 Quote Link to comment Share on other sites More sharing options...
Riedquat Posted September 28, 2011 Share Posted September 28, 2011 I'm totally over the moon, these figures are crashtastic. If you look at the full release, whilst the headline figure of -0.3% isn't very exciting, this masks huge regional variability. Everywhere outside London is on the slide. Where I am looking to buy prices apparently fell by more than 2% last month alone! I'm dancing with delight. Bear in mind that this is August (prices agreed in the bouncy springtime) and things look fabulous! Hah, I wish. +0.9% in Stockport. Quote Link to comment Share on other sites More sharing options...
Branigan Posted September 28, 2011 Share Posted September 28, 2011 Hartlepool -15.7% YoY Yey for Hartlepool! Quote Link to comment Share on other sites More sharing options...
catsick Posted September 28, 2011 Share Posted September 28, 2011 Interesting there is almost perfect correlation to how horrible the place is, which is exactly what I would not want to happen ... Quote Link to comment Share on other sites More sharing options...
juvenal Posted September 28, 2011 Share Posted September 28, 2011 Caerphilly up on the month. Looks like there's an Express headline right there. JOY FOR WELSH HOMEOWNERS..etc Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted September 28, 2011 Share Posted September 28, 2011 Looks like there's an Express headline right there. JOY FOR WELSH HOMEOWNERS..etc I noticed a bit of green somewhere in South Wales on the LR map in an otherwise red and orange scorched earth desert in the rest of England and Wales. Quote Link to comment Share on other sites More sharing options...
InlikeFlynn Posted September 28, 2011 Share Posted September 28, 2011 I'm totally over the moon, these figures are crashtastic. If you look at the full release, whilst the headline figure of -0.3% isn't very exciting, this masks huge regional variability. Everywhere outside London is on the slide. Where I am looking to buy prices apparently fell by more than 2% last month alone! I'm dancing with delight. Bear in mind that this is August (prices agreed in the bouncy springtime) and things look fabulous! Not dancing as much now - I misread the figures and was looking at annual changes not monthly! Nevermind, at least we're back into gentle declines which I hope will accelerate as we enter the autumn. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 28, 2011 Share Posted September 28, 2011 Looks like there's an Express headline right there. JOY FOR WELSH HOMEOWNERS..etc ssssshhhhhhhhhhhhhhhh...dont give them ideas !!!! Quote Link to comment Share on other sites More sharing options...
mrpleasant Posted September 28, 2011 Share Posted September 28, 2011 Remember that this is a rearview perspective. This is August's data, so sales agreed around June - still in the peak selling season. Since then we've had a bit of rough n tumble in London and some serious coverage of the fear surrounding the Eurozone debts. Out of interest, what are August's figures like historically from LR? Is there any way of checking if a fall in August is unsual (on the basis that it should be reflecting sales from the most buoyant time of year)? Methinks even a fairly lowly -0.3% is pretty significant and bodes well for sharper drops to come... Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 28, 2011 Share Posted September 28, 2011 MoM DOWN 0.3% YoY -2.6% £162,347 £700 down Report here And strip out the inner London boroughs and the true national picture emerges! Prices are going down! Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted September 28, 2011 Share Posted September 28, 2011 And strip out the inner London boroughs and the true national picture emerges! Prices are going down! Indeed. Some smart fellow produced an animated gif of the Land reg 'heatmap' a few months ago- it showed a wave of autumnal colours rippling through the country. I'd love to see an update. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 28, 2011 Share Posted September 28, 2011 Swansea is up 1.0% but that is probably the 1.5 million pound house alone that was bought as a holiday home by a banker. Quote Link to comment Share on other sites More sharing options...
Riedquat Posted September 28, 2011 Share Posted September 28, 2011 Out of interest, what are August's figures like historically from LR? Is there any way of checking if a fall in August is unsual (on the basis that it should be reflecting sales from the most buoyant time of year)? Methinks even a fairly lowly -0.3% is pretty significant and bodes well for sharper drops to come... That's exactly the sort of thing that seasonal adjustment is supposed to take into account. So if a rise is normal in August even when prices remain flat over the year then 0% will mean that it's risen as expected for that month. So it's possible that the selling prices have risen even with this small negative number. The adjustments should all cancel out over the year and allow you to reliably compare January with July (in theory). Quote Link to comment Share on other sites More sharing options...
northwestsmith2 Posted September 28, 2011 Share Posted September 28, 2011 (edited) I was probably looking before that was published. I forget that it takes more time when there's nothing for them to copy & paste! They rose by another 0.5% last moth and are now 2.1% higher than they were a year ago. http://www.bbc.co.uk/news/business-15089875 They may as well not bother checking it. Edited September 28, 2011 by northwestsmith2 Quote Link to comment Share on other sites More sharing options...
libspero Posted September 28, 2011 Share Posted September 28, 2011 (edited) Edit to add: Data available HERE for anyone who wishes to experiment (OpenOffice spreadsheet) Edited September 28, 2011 by libspero Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 28, 2011 Share Posted September 28, 2011 Nice Daily Mail story headline House prices fall at fastest rate ever across England and Wales... although London market continues to flourish Read more: http://www.dailymail.co.uk/news/article-2042927/House-prices-fall-fastest-rate-England-Wales--London-market-continues-flourish.html#ixzz1ZH6mJSHc Quote Link to comment Share on other sites More sharing options...
FloraPoste Posted September 28, 2011 Share Posted September 28, 2011 now we need to see the Delusion Index plotted against transaction numbers. The higher the Delusion Index, the lower the number of sales, I would imagine. Quote Link to comment Share on other sites More sharing options...
FloraPoste Posted September 28, 2011 Share Posted September 28, 2011 Nice Daily Mail story headline House prices fall at fastest rate ever across England and Wales... although London market continues to flourish Read more: http://www.dailymail.co.uk/news/article-2042927/House-prices-fall-fastest-rate-England-Wales--London-market-continues-flourish.html#ixzz1ZH6mJSHc LOL, they are being a touch melodramatic, no? 'House prices are plunging across England and Wales, with some regions hit by the fastest fall since records began, official figures revealed yesterday. Only London is saved from the collapse' And here's me thinking these were a rather boring and slightly disappointing set of figures! Quote Link to comment Share on other sites More sharing options...
Snugglybear Posted September 28, 2011 Share Posted September 28, 2011 Merthyr up?! WTF?! OK, from a low base, but still, WTF?! Quote Link to comment Share on other sites More sharing options...
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